ClearDebt Group (LSE:CLEA) ROCE % : 13.51% (As of Dec. 2012)

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What is ClearDebt Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. ClearDebt Group's annualized ROCE % for the quarter that ended in Dec. 2012 was 13.51%.

ClearDebt Group ROCE % Historical Data

The historical data trend for ClearDebt Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ClearDebt Group ROCE % Chart

ClearDebt Group Annual Data

Trend

Dec02

Dec03

Dec04

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

ROCE %

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-23.30

10.48

9.88

9.23

19.25

ClearDebt Group Semi-Annual Data
	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12
ROCE %	Get a 7-Day Free Trial															7.55	11.01	17.49	18.21	13.51

ClearDebt Group ROCE % Calculation

ClearDebt Group's annualized ROCE % for the fiscal year that ended in Jun. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2012 )		(A: Jun. 2011 )		(A: Jun. 2012 )
	=	1.418	/	( ( (9.327 - 0.791)	+	(9.966 - 3.773) )	/ 2 )
	=	1.418	/	( (8.536	+	6.193)	/ 2 )
	=	1.418	/	7.3645
	=	19.25 %

ClearDebt Group's ROCE % of for the quarter that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2012 )		(Q: Jun. 2012 )		(Q: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2012 )		(Q: Jun. 2012 )		(Q: Dec. 2012 )
	=	0.844	/	( ( (9.966 - 3.773)	+	(10.321 - 4.018) )	/ 2 )
	=	0.844	/	( ( 6.193	+	6.303 )	/ 2 )
	=	0.844	/	6.248
	=	13.51 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2012) EBIT data.

ClearDebt Group (LSE:CLEA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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ClearDebt Group (LSE:CLEA) Business Description

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